In May, our sister publication Reinsurance News hosted its second Legacy Market Roundtable in Brighton, in partnership with global reinsurer Swiss Re. A takeaway from the 90-minute session was the shifting role of alternative capital within the casualty space, with one participant noting that this influx of capital could position the legacy industry as a crucial anchor for underwriting discipline and stability over the next five years.
The roundtable event brought together 13 leaders and experts from across the retrospective ecosystem to analyse a market undergoing transformation.
During the discussion, the surge in redemption requests across traditional private credit as LPs demand liquidity was highlighted, with one participant to emphasise how this shift presents a major opportunity for the legacy market to step in and provide much needed liquidity to private credit firms investing in casualty insurance.
The same participant also emphasised that alternative capital investors backing MGAs need a way to exit long-tail liabilities early so they can free up their funds.
And by using legacy transactions to offload these risks, investors can quickly lock in their profits, creating a substantial new pipeline of business for the legacy market.
Throughout the session, buyers, sellers, brokers, advisory and legal specialists also explored the influence of hard and soft market cycles and M&A on legacy dynamics.
The roundtable participants also examined the position of the legacy market within their company’s strategic objectives. Their insights highlighted that enhancing awareness and education regarding legacy solutions continues to be a vital priority.
For this year’s Legacy Market Roundtable, Reinsurance News was joined by the following participants from across the sector:
- Janic Schilling, Head Legacy Origination, P&C Reinsurance, Swiss Re.
- Andreas Schäfli, Head of P&C Legacy, Swiss Re.
- Jag Jass, Partner, Augment Risk.
- Charlotte Pritchard, UK CEO, RiverStone International.
- Lu-ling Chng, Managing Director, Global Risk Solutions, Guy Carpenter.
- Kevin Gill, Partner, EY Parthenon & IRLA Representative.
- Andy Hill, CEO, Zurich Legacy Solutions.
- Jennifer Lejeune, CEO, AXA Liabilities Managers.
- Alexander Roth, Head of Capital & Operational Solutions International, Howden Re.
- Jens Schaefermeier, Managing Director, Property & Casualty Global Services, Hannover Re.
- Weneika Steede, Senior Capital Solutions Manager, QBE Capital.
- David Bartlett, Partner, Norton Rose Fulbright LLP.
- Georg Rindermann, Head of Legacy, Allianz Re.
You can download your copy of the 2026 Reinsurance News Brighton Legacy Market Roundtable here.
